Korean brokers sought digital ETFs, but the government approved leveraged ETFs
- —Samsung Securities proposed a digital asset ETF to bring back overseas demand
- —Mirae Asset proposed tokenizing power grids and GTX as RWA
- —On May 27, 16 leveraged ETFs on Samsung and SK Hynix from 8 managers listed on the exchange
- —The industry is asking for a relaxation of the separation between banking and crypto
Why it matters: Pressure from Korea's financial lobby could speed up approval of crypto ETFs and RWA tokenization in the country.
Source: Blockmedia